GlobalTexUSA, South Florida Hotel Linen Supplier Makes Exclusive List of Inc5000 Fastest Growing Companies 2019

MIAMI, August 18, 2019 /PRNewswire-PRWeb/ -- Inc. magazine today revealed that Globaltex is No. 249 on its annual Inc. 5000 list, the most prestigious ranking of the nation's fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy's most dynamic segment?over 22 million independent small businesses. Microsoft, Dell, Domino's Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

Not only have the companies on the 2019 Inc. 5000 (which are listed online at Inc.com, with the top 500 companies featured in the September issue of Inc., available on newsstands August 20) been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000's aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at http://www.inc.com/inc5000.

"The companies on this year's Inc. 5000 have followed so many different paths to success," says Inc. editor in chief James Ledbetter. "There's no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities."

The annual Inc. 5000 event honoring the companies on the list will be held on October 10 to 12, 2019, at the JW Marriott Desert Ridge Resort and Spa in Phoenix, Arizona. As always, speakers include some of the greatest innovators and business leaders of our generation.

About Globaltex
Globaltex Fine Linens is located in Miami, Florida. Their wholesale hotel linens and hotel towels are imported from our factory located in Denizli, Turkey, the textile mainland of the country, and the world. They offer a wide range of exquisite products including bathrobes, bath towels, pool & beach towels and bedding, such as duvets, bed sheets, and pillowcases.

What sets Globaltex USA apart from competitors is that Ramazan came up through the hospitality world and truly understands the needs of the industry and clients. The consistency, quality of custom made luxury linen products, exceptional service, and word of mouth referrals allow the company to gain more market shares every day.

Since the start in 2015, the company has seen a tremendous growth. The first account was The Ritz Carlton of Key Biscayne totaling $128,000 in sales. The following year in 2016 saw bigger clients such as W Hotel in South Beach, Epic Hotel, The One Hotel, and The Royal Palm just to name a few with sales increasing to $961,000. In 2017, sales were $1,800,000, which doubled from the 2016 Sales as accounts continued to grow. In 2018 Globaltex sales were $2,300,000 with a growing number of hotel chain clients.

Celebrating their 4th year of business, they have decided to enter new markets by introducing a Home Collection in 2019. "We wanted people to feel the same way they do while they are on vacation as when they are getting into bed at home," says Patak.

Globaltex is #9 in Top Miami Companies; #25 in Top Florida Companies; and #15 in Top Business Products and Service Companies.

More About Inc. and the Inc. 5000 Selection Process

Methodology
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for-profit, and independent?not subsidiaries or divisions of other companies?as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

About Inc. Media
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 20,000,000 today. For more information, visit http://www.inc.com.

The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions.

For more information on Inc. and the Inc. 5000 Conference, visit http://conference.inc.com/.

SOURCE Globaltex USA